RESTON, Va., March 4, 2016 /PRNewswire-USNewswire/ -- Global engineering and construction leader Bechtel and nuclear technology leader BWX Technologies, Inc. have announced a new agreement to pursue accelerated development of the world's first commercially viable Generation III++ small modular nuclear reactor.
Bechtel will lead the program and leverage the company's historic strengths in engineering, licensing, procurement, construction, and project management. BWXT will focus on designing and testing the nuclear steam supply system. Both companies will collaborate to prepare a design certification application to the U.S. Nuclear Regulatory Commission.
Known as Generation mPower, the project is centered on the BWXT mPowerTM reactor—a 195-megawatt-electric power plant that will be a safe, cost-competitive, and innovative solution to provide low-carbon electricity—addressing the growing challenges of climate change and sustainable development.
"This technology holds great promise and we are firmly committed to doing everything we can to bring it to market," said Ty Troutman, general manager of Bechtel's nuclear power business unit. "It's one of the keys to solving the problem of replacing older power plants without relying on fossil fuels or the intermittent availability of solar and wind. Pound for pound, small modular reactors can deliver more 24/7 electricity than any other low-carbon alternative energy technology."
Generation mPower delivers greater certainty in nuclear power costs and schedule, which is needed to enable broader, more timely development of nuclear power. Its key features include:
- Compact size
- Factory built, rail shippable reactor
- Passive safety systems incorporating post-Fukushima design criteria
- Underground containment structure
- Standard fuel assemblies made from less-than-five-percent-enriched uranium
- Fit for purpose: designed for cost-effective deployment
"Bechtel is unique in that we have, and will continue to take, the long view on nuclear power," Troutman said. "We are an enduring presence in the industry."
Privately held, Bechtel has been a leader in nuclear engineering and construction for more than 60 years. The company has designed or serviced 80% of nuclear plants in the U.S. and 150 worldwide. In 2015, Bechtel completed construction on Watts Bar Unit 2 for the Tennessee Valley Authority in the U.S.—the first reactor this century to receive a new authorization to operate.
Generation mPower was founded in 2010 to develop a plant using the BWXT-designed reactor. Engineering and development continued through 2014 with the assistance of a Cooperative Agreement for funding made available through the U.S. Department of Energy's Small Modular Reactor Licensing Technical Support Program.
- Bechtel's work in nuclear power
- U.S. DOE's Small Modular Reactor Licensing Technical Support Program
Bechtel is one of the most respected global engineering, construction, and project management companies. Together with our customers, we deliver landmark projects that create long-term progress and economic growth. Since 1898, we've completed more than 25,000 extraordinary projects across 160 countries on all 7 continents. We operate through four global businesses: Infrastructure; Nuclear, Security & Environmental; Oil, Gas & Chemicals; and Mining & Metals. Our company and our culture are built on more than a century of leadership and a relentless adherence to our values, the core of which are safety, quality, ethics, and integrity. These values are what we believe, what we expect, what we deliver, and what we live. www.Bechtel.com
About BWX Technologies, Inc.
BWX Technologies, Inc. (NYSE: BWXT) is a leading supplier of nuclear components and fuel to the U.S. government; provides technical, management and site services to support governments in the operation of complex facilities and environmental remediation activities; and supplies precision manufactured components and services for the commercial nuclear power industry. BWXT has more than 5,400 employees and significant operations in Lynchburg, Va.; Erwin, Tenn.; Mount Vernon, Ind.; Euclid, Ohio; Barberton, Ohio; and Cambridge, Ontario, as well as more than a dozen U.S. Department of Energy sites around the country. Follow us on Twitter @BWXTech and learn more at www.bwxt.com.
Fred de Sousa t. 703 429 6435 firstname.lastname@example.org
For BWX Technologies: Jud Simmons t. 434 522 6462 email@example.com